Libyan Oil & Gas Investment Opportunities to be Discussed by NOC Libya, ENI, Repsol & Petrofac
NOC Libya and industry leaders to speak at the 2nd Libya Oil & Gas Forum in Tripoli.
- (1888PressRelease) August 01, 2013 - Leaders from the global oil and gas industry and NOC Libya are confirmed to speak at the 2nd Libya Forum taking place 16-18 June 2013 at the Cortinthia Hotel, Tripoli, Libya. Decision makers from NOC Libya include, H.E. Abdelbari Al-Arusi, Minister of Oil & Gas, Libya, and Dr Nurri Berruein, Chairman of NOC Libya, who will provide an overview of Libya's rich hydrocarbon sector and the opportunities available for potential investors looking to enter the Libyan oil and gas market.
The oil and natural gas industry makes up more than 70 percent of Libya's economy and generates almost all the state's revenue according to the International Monetary Fund. Consequently, Libya is preparing to draw up a new oil law which will allow them to launch a licensing round and attract international investment for their biggest GDP industry. The Libya Forum will bring together oil and gas decision makers from the Libyan government and industry stakeholders, to discuss these vast oil and gas investment opportunities.
In addition to NOC Libya, industry experts from major IOC's and service companies will provide insights into working in the Libyan oil and gas industry. Jay Pearson, Vice President, Business Development - IES at Petrofac will take part in a discussion panel on how NOC's can play a part in forming a new petroleum regime in Libya. Furthermore, Wanis Elauremi, Joint Venture Manager, Eni North Africa B.V. - Libyan Branch and José Luis Tornero, General Manager, Repsol Exploración Murzuq S.A, will discuss the requirements in technology and the human capital development needed to meet Libya's future production targets.
The first Libya Forum was a landmark meeting when it launched in September 2012. Opened by H.E. Abdulrahman Bin Yezza, Former Libyan Oil Minister and Dr Nurri Berruein, Chairman of NOC Libya, the meeting was the first major gathering of the oil industry in the new Libya and drew together senior delegates from across the Libyan oil and gas value chain. The Forum is recognised by the industry as the premier meeting for top level Ministry and NOC representatives, high ranking officials from international oil companies and potential new market entrants to discuss the strategies that will drive forward Libya's rich hydrocarbons sector.
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